Owe Back Taxes Due to Underpayment of Covered California Premiums
As the deadline approaches for filing personal tax returns for those who filed extensions for the 2018 tax year, we often have to remind individuals that although they can file an extension to file the [...]
Closed a Business? Make sure you complete the entire process.
The filing of a final return will not legally terminate a business and will not end its requirement to file and pay taxes. The entity is still required to submit the Certificate of Dissolution/Cancellation document [...]
California Assembly Bill 5 (2019)
To understand the AB5 law, Wikipedia explains it simply... "California Assembly Bill 5 or AB 5 is a California law which limits the use of classifying workers as independent contractors rather than employees by companies [...]
Estimated Tax Payments – Are they required?
The U.S. tax system operates on a pay-as-you-go basis. This means that taxpayers need to pay most of their tax during the year, as the income is earned or received. Taxpayers must generally pay at [...]
Here are disaster resources taxpayers can check out now to help them later
Natural disasters can – and do – happen at any time. Whether it’s a hurricane, fire, flood, earthquake or tornado, there are things people can do to prepare in advance of a disaster. Here are [...]